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Ursala, Incorporated, has a target debt - equity ratio of 1 . 3 0 . Its WACC is 8 . 3 percent and the tax

Ursala, Incorporated, has a target debt-equity ratio of 1.30. Its WACC is 8.3 percent and the tax rate is 24 percent.
If the companys cost of equity is 12.3 percent, what is its pretax cost of debt?
If instead you know that the aftertax cost of debt is 3.7 percent, what is the cost of equity?
Note: For all requirements, do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g.,32.16.

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